“A robot learned to ride a bike. Somebody came up with a nanofabric umbrella that doesn’t stay wet. But only YouTube created a new way for millions of people to entertain, educate, shock, rock and grok one another on a scale we’ve never seen before. That’s why it’s Time’s Invention of the Year for 2006.”

“YouTube is ultimately more interesting as a community and a culture, however, than as a cash cow. It’s the fulfillment of the promise that Web 1.0 made 15 years ago. The way blogs made regular folks into journalists, YouTube makes them into celebrities.”

Not everyone is happy with Youtube’s success. Paris Hilton likes Youtube. Metacafe is showing the way to earn money by sharing videos and switching Youtube users. Check out the amazing you tube tools collection and harness the power of Youtube.

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